Moldovan government approves way of distributing farmers subsidisation fund for 2016

Chisinau, 20 July /MOLDPRES/ - The government today approved the way the 2016 fund for subsidizing agricultural producers will be distributed.    

The cabinet backed a proposal by the Agriculture and Food Industry Ministry on the distribution of the means of the 2016 fund for subsidizing agricultural producers amounting to 900 million lei, of which 387.6 million from the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD). The subsidization fund will be managed by the Agency of Interventions and Payments for Agriculture.  

The money will be allocated for three priority sectors: first of all, enhancing the competitiveness of the agro-food sector through reorganization and modernization, as well as ensuring a sustainable management of natural resources. The third priority is increasing investments in physical infrastructure and the ones of the rural environment services. An important component of the subsidization programme represents investments in agricultural exploitations for restructuring and adaptation to European Union’s standards.  

The debts accumulated in 2014 and 2015 will be paid from the aforementioned fund. According to the Agriculture and Food Industry Ministry, at present, the debts to agricultural producers amount to 263.2 million lei, of which 44 million lei is the debts for 2014.  

(Reporter V. Bercu, editor A. Raileanu)